2016-17 Tax calculator
Nov 30th 2016, 1:29 pm
#1
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Thread Starter
Joined: Jul 2010
Posts: 280
2016-17 Tax calculator
Hi.
I left Australia part way through Oct 2016. So I was a tax resident for four months.
I am trying to calculate accurately how much tax I owe. But the ATO only has a tax estimator for 2015-16 which should be the same as the 2016-17 tax year but it calculates my tax way under what I estimate I owe. It just cannot be right.
Has anyone got any links to a decent comprehensive tax calculator for tax year 2016-17.
Thanks
I left Australia part way through Oct 2016. So I was a tax resident for four months.
I am trying to calculate accurately how much tax I owe. But the ATO only has a tax estimator for 2015-16 which should be the same as the 2016-17 tax year but it calculates my tax way under what I estimate I owe. It just cannot be right.
Has anyone got any links to a decent comprehensive tax calculator for tax year 2016-17.
Thanks
Dec 1st 2016, 1:52 am
#2
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Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
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Dec 2nd 2016, 1:44 pm
#3
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Thread Starter
Joined: Jul 2010
Posts: 280
Re: 2016-17 Tax calculator
But I need one which allows a tick to confirm part year resident....
4 months in total, totally different calculation.
Dec 3rd 2016, 10:46 am
#4
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: 2016-17 Tax calculator
Is not an entirely different calculation.
Look at the numbers from the TaxCalc website, then add on the reduction in the tax free threshold for the number of whole months you are not a tax resident of Australia, x 19%.
Best regards.
Look at the numbers from the TaxCalc website, then add on the reduction in the tax free threshold for the number of whole months you are not a tax resident of Australia, x 19%.
Best regards.
